New South Wales Repealed Regulations

This legislation has been repealed.

PROPERTY, STOCK AND BUSINESS AGENTS (GENERAL) REGULATION 1993

- Made under the Property, Stock and Business Agents Act 1941
- As at 2 September 2002
- Reg 433 of 1993

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Name of Regulation
   2.      Commencement
   3.      Definitions

   PART 2 - LICENCES AND CERTIFICATES

   4.      Objections to applications
   5.      Procedure for hearing of application to which objection taken
   6.      Surrender of provisional certificates
   7.      Issue of duplicate licences and certificates
   8.      Licensing under corresponding Act

   PART 3 - AGENCY AGREEMENTS

   9.      Agency agreements--prescribed terms
   10.     Agency agreements--exemptions
   11.     Subagency agreements--exemptions

   PART 4 - RULES OF CONDUCT

   12.     Rules of conduct must be observed

   PART 5 - REMUNERATION

   13.     Fees etc to be displayed
   14.     Details of fees etc to be given before agreement signed
   15.     Furnishing of itemised account
   16.     Notice under section 42A
           17, 18. (Repealed)
   19.     Proposed contract for sale of residential property--exemption

   PART 6 - RECORDS

   20.     Records and book entries to be in English language
   21.     Records of livestock bought to be kept by stock and station agents
   22.     Records of livestock sales to be kept by stock and station agents
   23.     Copy of accounts of owners corporation to be kept as record
   24.     Report to be prepared by strata managing agent
   25.     Strata managing agent to permit owners corporation to inspect records

   PART 7 - TRUST MONEY

           Division 1 - Licensee's responsibilities

   26.     Banking of trust money
   27.     Records of trust money to be kept by licensees
   28.     Further requirement for strata managing agents and community managing agents
   29.     Keeping of records
   30.     Computer systems control
   31.     Receipts for trust money
   32.     Payment of trust money
   33.     Trust deposits
   34.     Record of trust account transactions
   35.     Trust account ledger
   36.     Trust account ledger trial balance
   37.     Furnishing of particulars of trust account or transactions
   38.     Signing of trust account cheques
   38A.    Trust accounts exempted from certain requirements

           Division 2 - Financial institution's responsibilities

   38B.    Closure of trust accounts
   38C.    Overdrawn trust accounts
   38D.    Dishonoured cheques
   38E.    Monthly certification
   38F.    Annual certification

   PART 8 - AUCTION SALES

   39.     Auction sales--prescribed conditions
   40.     Notification of conditions of sale by auction
   41.     Notice of material parts of sections 45 and 85C of the Act

   PART 9 - MISCELLANEOUS

   42.     Fees payable under the Act
   42A.    (Repealed)
   43.     Time for lodgment of notice of change of registered office etc
   44.     Items excluded from annual return of unclaimed money
   44A.    Compensation Fund contribution by licensed conveyancers
   45.     Levies
   46.     Monetary limits on compensation
   47.     Maintenance of registers etc
   48.     Approval to employ otherwise disqualified persons
   48A.    Penalty notice offences
   48B.    Short description of offences
   49.     Transitional--variation of former general auctioneer's licence
   50.     Repeal of Regulations
           SCHEDULE 1
           SCHEDULE 2